INSURANCE NEWS
Environmental Groups Say Texas Isn’t Holding Polluters Accountable
More than 21,000 unexpected pollution releases by Texas companies have released over 400,000 tons of air pollution in Texas from 2016 to 2022, and companies in less than 1% of these cases have been forced by the Texas Commission on …
Wisconsin High Court: UI Insurer Can’t Deduct Money That Was Paid but Reimbursed
Wisconsin law allows insurers to deduct from their liability any amounts paid for the same injury by a worker’s compensation carrier, but does that include amounts that are paid and later reimbursed? Secura Supreme Insurance Co. argued that repayment makes …
Corps of Engineers Appeals Ruling on Mississippi River Spillway Openings
NEW ORLEANS (AP) – A federal judge’s ruling that the U.S. Army Corps of Engineers must consult with federal fisheries experts before opening a spillway that protects New Orleans from Mississippi River flooding is being appealed. The Bonnet Carre spillway …
Illinois Supreme Court: Union Workers Can’t Sue Under Biometric Law
Illinois’ top court on Thursday said U.S. labor law bars unionized workers from suing their employers for violations of the state’s biometric privacy law, which can expose companies to massive penalties. The Illinois Supreme Court unanimously held that campus security …
Denmark to Salvage Unidentified Object in Nord Stream Blast Probe
Denmark is salvaging an unidentified object found next to a Russian gas pipeline that was damaged in a blast last September, as investigators continue to seek who was behind the attack. The operation comes two weeks after German authorities said …
Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry
Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator. Gensler, who has called the crypto sector …
People Moves: Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role; Markel Taps QBE’s Keens, SCOR’s Wong for Global Downstream Energy Team
This edition of International People Moves details appointments at Howden Tiger and Markel International. A summary of these new hires follows here. Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role Howden Tiger, the reinsurance arm of …
After Non-Renewals, Castle Key Files 53.5% Increase for Remaining Fla. Condo Policies
Two months after Allstate announced that a Florida subsidiary would non-renew 33,000 condominium policies, the company has filed for a 53.5% average rate increase. Castle Key Indemnity Co., which until recently held some 278,000 policies in Florida, making it one …
China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group
Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff, the company said, putting foreign companies in China on alert just as the country hosts an international economic forum. News …
Reinsurers Average 12.1% Premium Growth for Full-Year 2022: Gallagher Re
Reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, which was driven by improved pricing for commercial lines and reinsurance business, according to Gallagher Re. However, the strongest FY 2022 increase of 16.7%-plus came from …
Atlanta ‘Cop City’ Activists Question Police Evidence
When police stormed an Atlanta-area music festival two days after a rainstorm, they were looking for suspects wearing muddy clothing. Authorities moved in on the South River Music Festival on the evening of March 5, over an hour after more …
Coal Miner Killed in West Virginia, Second Fatality This Year in the State
A coal miner died Wednesday in an accident at a northern West Virginia mine, Gov. Jim Justice said. Cecil Barker, 62, of Philippi, was working as a surveyor at Century Mining’s Longview Mine in Barbour County. Two other surveyors were …